Business Model Innovation Dissertation Example | Topics and Well Written Essays - 10000 words

Business Model Innovation - Dissertation Example Dawnay and Shah states seven principles for policy-makers around Behavioural Economics as follows: "1.- Other people's behaviour matters: People do many things by observing others and copying; people are encouraged to continue to do things when they feel other people approve of their behaviour. 2.- Habits are important: People do many things without consciously thinking about them. These habits are hard to change -even though people might want to change that behaviour, it is not easy for them. 3.- People are motivated to 'do the right thing': There are cases where money is de-motivating as it undermines people's intrinsic motivation, for example, you would quickly stop inviting friends to dinner if they insisted on paying you. 4.- People's self-expectations influence how they behave: They want their actions to be in line with their values and their commitments. 5.- People are loss-averse and hang on what they consider 'theirs'. 6.- People are bad at computation when making decisions: They put undue weight on recent events and too little on far-off ones; they cannot calculate probabilities well and worry too much about unlikely events; and they are strongly influenced by how the problem/information is presented to them. 7.- People need to feel involved and effective to make a change: Just giving people the incentives and information is not necessarily enough." (Dawnay and Shah, 2005). Looking for rational explanations about how the markets work is a widespread concern of many business agents. Yahoo! is not the exception. PCWelt.de (2006) reports the following trends in the research efforts of this Internet giant: "Yahoo Inc. is researching areas such as... Governments and societies that bet on the market system become more materially prosperous and technologically powerful. The lesson usually drawn from this economic success story is that in the overwhelming majority of cases the best thing the government can do for the economy is to set the background rules - define property rights, set up honest courts, perhaps rearrange the distribution of income, impose minor taxes and subsidies to compensate for well-defined and narrowly-specified "market failures" - but otherwise the government should leave the market system alone†. Following their logic about prices in a competitive marketplace, they argue along the next lines of thinking: â€Å"The main argument for the market system is the dual role played by prices. On the one hand, prices serve to ration demand: anyone unwilling to pay the market price does not get the good. On the other hand, price serves to elicit production: any organization that can make a good, or provides a service, for less than its market price has a powerful financial incentive to do so. What is produced goes to those who value it the most. What is produced is made by the organizations that can make it the cheapest. And what is produced is whatever the ultimate users value the most.† (Bradford DeLong & Michael Froomkin, 2000). Bradford Delong and Michael Froomkin favor early movers and adopters in the market, especially in the highly competitive business environment that the world driven by technological innovations of today is experiencing.

Corporate Restructuring of RBS Essay Example | Topics and Well Written Essays - 2000 words

Corporate Restructuring of RBS - Essay Example Many organizations these days are practicing corporate restructuring to make the optimal use of their resource. Some organizations have found that corporate restructuring is necessary for enhancing the business profitability, while other businesses have not been very successful in restructuring. This has resulted in debates over whether the corporate restructuring is really beneficial or whether it is only a myth. This paper is going to look at the both sides of corporate restructuring and will conclude with the final word on the impact of Corporate Restructuring on the financial position of an organization. The major objective behind any restructuring program is to achieve the organizational efficiency. Corporate Restructuring schemes are designed keeping in mind the enhancement in productivity of the workers, cost control elements and any other objectives that are going to maximize the shareholder’s wealth. Conventionally it was thought that corporate restructuring improves the performance of a company’s shares on the stock market. This hypothesis was rejected by a recent study. It was revealed that announcements relating to Corporate Restructuring of an organization did not yield abnormal returns for the stockholders. Hence, Corporate Restructuring does not change market sentiments about the organization immediately. The change in financial performance only occurs if it is found that the corporate restructuring has enhanced the organization’s use of resources and there has been an increase in the profitability of the firm. (Bowman & Singh, 1993) Another study done on the group of hospitals revealed that Corporate Restructuring is not positively correlated with increase in financial position and performance of an organization. Other factors such as size of the organization, number of employees and target market are more likely to be the main difference between financially strong and a financially weak organization. The results of this stu dy may lack reliability because it was cross-sectional research containing data of only one year. In the long-run Corporate Restructuring forces might be more efficient and have an impact on profitability of the organization. But to be on the safe side we can say that Corporate Restructuring is not correlated with the profitability of the organization in the short-run at least. (Clement, A'unno, & Poyzer, 1993) The paper is going to examine the impact of Corporate Restructuring on the market of an organization. The results of the studies indicated that the smaller and more centrally concentrated organizations are better in strategic decision making. In the period of 1990s, many organizations with diffused investment subsidiaries and stakes lacked any attention from the investors and hence there was a lot of focus on downsizing strategies during that period. The study also focused that blockholder investment is necessary for the stability of organization and firms with blockholder in vestment are efficiently configured. Hence, it is better for the organizations to downsize and try to maintain blockholder organizational structure in order to safeguard against uncertainty. Many organizations are downsizing because over-diversification is doing more harm than good and investors have realized that the correct way of making money is by investing large sums in a single organization to achieve growth. (Bethel & Liebieskind, 1993) A

Writing a policy about Human Resources Security Assignment

Writing a policy about Human Resources Security - Assignment Example Cloud computing is today becoming business modernization’s fresh standards (Alali & Chia-Lun, 2012). The goal of the policy on external computing services is to secure human resources information. The policy also seeks to provide many enticing opportunities in the technology industry with several technology solutions being offered at very low costs. The policy on external cloud computing services will also make the foundation of pivotal improvements in the human resource information technology effectiveness. Given external cloud computing services are significant for human resource security (CHOI, 2013). The policy on external services is significant to the organization in terms of securing human resources information. It will assist in backing up confidential information from hackers and other unauthorized users. Retrieving information will also be easy as a result of implementing this policy. The objective of this policy is gain from external cloud computing services in terms of flexibility, efficiency, flexibility, and reduction in cost currently (Cross, 2012). As models of businesses change to be at par with the advancement in technology as well as the associated market shifts, organizations strive to build their strategies of cloud computing out of flexible components requiring interoperability among vendors (Cross, 2012). Another objective of the policy on external cloud computing services is to open opportunities by making technology and applications more accessible and minimizes the risk of having a significant data breach. Cloud computing is vital in safeguarding information. Many institutions have contributed to the marketing and development of platforms based on external cloud computing services policy. Some of the organizations already using external cloud computing services include Verizon, Oracle, Apple, VMWare, IBM, Google, Sony, Amazon, NetSuite, and Microsoft. Many other organizations are establishing all forms of

Public Interest in Theories of Regulation Essay

Public Interest in Theories of Regulation - Essay Example Theories of regulation help us to find solutions so that investors do not get exploited. Public Interest in theories of regulation pertains to allocation of resources in a regulated manner to safeguard the best interests of public. These distributions may be haphazard or aimed towards satisfying fewer people’s interests, if not regulated. This failure of markets may occur due to several reasons such as: Absence of competition Monopolies try and create barriers of entry to other interested firms Asymmetry of information Products of public goods are produced The scarce resources get deployed towards their purposes with little resources remaining for other requirements. So, to avoid such discrepancies public interest of regulation has to be undertaken by the Government. (Hertog J.D., 1999) The Government will also intervene due to its own personal interests of: Gaining votes To act before any demand from public interested groups arises Acting as neutral arbiters before the issue becomes a problem However, there are cases where Governments also have failed as regulators as they are captured by self-interest of individuals who formed groups. The accounting professionals who have not confirmed themselves to self-regulation and legitimacy have thought of a way out of their irresponsibility. They started capturing the regulator and dictating it through manipulation of accounts. This is possible because accountants argue whether to release relevant or reliable information to the investor. In the guise of these terms, they undertake accounting standards which serve their interest and avoid regulation. Situation: The Act of Sarbanes-Oxley of 2002 is a classic example in this scenario. Public interest has made it mandatory that financial reporting has to adhere to the principles of corporate responsibility. Out of some eleven sections, 6 are construed to be very important as far as compliance matters. The gist of these sections is that financial reporting authoritie s have to prove their credibility very early by establishing detailed policy of financial security. They cannot relax till the end and try to capture public interests. They are required to report according to the IFRS mandates to the investors. (Anon. 2006). As per this mandate, Accounting Standards should also take into account social and economic consequences so that relevant and reliable information is pronounced to the investors. Private Interest Theory: This theory is based on the assumption that Government is not a neutral arbiter as supposed in public interest theory. It is in fact self-interested rationally due to various reasons such as: To avoid dispute with people of financial power during re-election To transfer their power readily if people who can help them in re-election so require. If they are in power, they would like to increase their wealth by doing so. If not in power, they want to attain power and so listen to these private individuals. There are many examples o f private interest. The Oil Spill in Deep Waters in 2010 would help us in understanding the process of domination of private

Physical Reality Essay Example | Topics and Well Written Essays - 750 words

Physical Reality - Essay Example As a matter of fact, scientifically speaking, my senses serve merely as extension cords to my brain. My senses cannot experience anything by themselves. It is my brain that decodes what is happening with my senses, and makes 'sense' out of that. Let us take a simple example to understand this. When I travel in a train, and look out of the window, my sense of sight tells me that all the trees and people are moving in the opposite direction. My brain, however, unscrambles the data received by my eyes, and informs me that it is I sitting in the train and the train itself, which move forward. And I am willing to listen to the message that my brain gives me, although it contradicts what my eyes 'see'. So it is my brain, and the way I look at the world, which dictates how I see and experience it, and which I term reality. (Note, that a child, whose brain has not been conditioned will insist that it is the trees and the people that are moving, and not the train!) There is no objective reality (as I stated earlier) even if for our arguments' sake we accepted that our brains processed data in identical ways (which they do not). For what my senses experience, and the data that my brain receives would differ, depending on the place where I stand when viewing phenomena. During a solar eclipse, if I stand in the umbra, I would claim that the sun is black, but if you stand within the penumbra you would see it as a sliver. So what we see or experience depends on where we stand, our perspective. My thought processes therefore gives me my reality, and my identity. ("I think, therefore I am" - Decartes )If we are asked the question, "which is softer, a starched linen napkin or a rose petal"(Chopra 186) we can answer this without having to actually find a napkin or a petal. The reason I am able to do this is because I have gone to a subtler level of the sense of touch, and am able to visualize that touch. Similarly I can go to subtle levels of the other senses (sights, smells etc.). Deepak Chopra states that this level of the mind is not the subtlest that we can reach. We can go deeper. When we meditate the visual image of the rose would become fainter on the screen of our mind, till nothing remains but the screen itself. "Then one would be at the true origin of the senses, the field of intelligence itself" (Chopra 186)There are several other dimensions of reality, apart from the 'physical', which, as we discussed earlier is not so objective a thing as we may imagine, but quite a subjective phenomenon. Time and energy are two of the other dimensions of reality. Think of time: what happens if we travel faster than the speed of light Reality as we know would cease to exist then, and we may travel into yesterday. Coming to energy - those who practice Reiki1 state that they experience the energy that they transmit and receive in the process of healing, as a feeling of warmth, or a tingling sensation. The fact that energy is a vital

2 questions Assignment Example | Topics and Well Written Essays - 500 words

2 questions - Assignment Example Furthermore, if this business is new or small, then this method is very unsuitable. In choosing maxmin criterion, the management will be looking at the worst possible situation in all the options and then adopting the option that provides the least bad results; that is, they adopts the option that optimizes the least profits. As already discussed, this criterion will not be attractive to this particular company if its owners are risk averse decision makers because the method is based on excessive watchfulness. However, while adopting Laplace method, the management should be sure that they are not conversant of chances of different conditions and have no reason to decide otherwise. From the calculations, the most central location is B; therefore, the most frequented department (4) should be placed there. The department that makes more trips to department 4 is department 2, therefore should be placed at the locations closest, for instance A, which is 40 yards from A. Second priority should be offered to department 1, which makes 80 trips to department 4. This department should be placed at location C, which is 40 yards from location B. Automatically, the last department, which is 3, will be located at location D, which is the most distant location at 50 yards from department D’s location (Stevenson, 2008). Following the revised trips schedule, minimizing travel costs will be best when the departments are placed as described below. The highest number of trips are made to department 4, therefore, it should be placed at the most central location. Therefore, taking the distances indicated in part a, department 4 should be placed at location B, which is 40 yards from location A; 40 yards from location C; and 50 yards from location D. However, priority should be given to department 3, which does 60 trips to department 4. Department 3 should be placed at either location C, then department 2, which makes 50 trips to

Balcony and monument scenes Essay Example for Free

Balcony and monument scenes Essay Write about the effectiveness of Shakespeares imagery in The Banquet, Balcony and Monument Scenes of Romeo and Juliet That which we call a rose by any other word would smell as sweet. Shakespeare uses imagery and metaphors throughout Romeo and Juliet to great effect. By using language, instead of props or backdrops to produce a vivid picture, he is engaging the audience more and making them think for themselves. This dramatic technique is used to the best effect in the Banquet, Balcony and Monument scenes, when portraying Romeo and Juliets love. The Banquet scene is the first time Romeo sees Juliet, so the language used has to make a big impact so as to convey to the Elizabethan audience that this is true love, in contrast with Romeos infatuation with Rosaline. O she doth teach the torches to burn bright. Shakespeare uses alliteration on teach the torches and burn bright to make Romeos words sound more beautiful and poetic, ideally like a sonnet. The words are coincidently very much like one of Shakespeares sonnets, Sonnet 21, where he contrasts light with dark. Shakespeare uses this same comparison throughout the play to convey emotions, foreshadow tragedy and express the stages of the young love to the audience. In a way, Romeo and Juliets devotion is like light against the dark background of feuding families. By claiming that Juliet is brighter than any other torch, Romeo is directly comparing her to other girls, in particular Rosaline. When Romeo speaks of Rosaline, he uses the language of Elizabethan courtly love. All his feelings are quite contained in comparison to the poetic imagery he uses upon seeing Juliet for the first time. He says about Rosaline Shes fair I love, which in Shakespeares time was the sort of language one would use when describing their love. However, Romeo describes Juliets beauty as too rich for use and later claims that he neer saw true beauty till this night. The audience knows straight away that this is true love. But the audience is also aware of the fact that this love is doomed, and there is some irony in a number of Romeos lines. Beauty too rich for use, for earth too dear. This suggests that Juliet is out of Romeos reach, which, being a Capulet, she is. He is also comparing her to an angel or heavenly creature, which he does throughout the play. This is Shakespeares way of showing that although these are young lovers, they are very spiritual too. The idea that she belongs to heaven because she is too good for earth builds up a feeling of unease and sadness in the audience, as they know she is going to die and therefore will not belong to the Earth anymore. This spiritual imagery is used when the lovers exchange their first words. Romeo tries to entice Juliet by referring to her as his holy shrine and to his lips as two blushing pilgrims. This shows Romeo to be a more sensitive and poetic character, which makes the audience, and Juliet, fall in love with him. By referring to her as his holy shrine he is showing the audience that he idolises her, and sees himself as lowly compared to her beauty. This speech between them is laid out in sonnet form. Sonnets are generally about love, which emphasises to the audience that Romeo and Juliet are in love. It also contributes to Romeos poetic image. Upon walking home later that evening, Romeo decides he has to see Juliet again. He finds his way into her garden and stands by the balcony. Romeo sees Juliet at her window. He exaggerates the pale flicker of the candlelight to describe it as the East. But soft, what light through yonder window breaks? It is the east and Juliet is the sun. Shakespeare is using Romeos dialogue to light the stage. He puts a clear image into the audiences minds. Again Romeo is comparing Juliet to light; this time the sun, the brightest light of all. This is his poetic way of declaring that she is the brightest and most beautiful of girls. It also signifies how very important she is to him, as the sun is imperative to everyday life. The light from Juliets window is said to break through. This could imply a breakthrough in Romeos love life; he has found his soul mate. In the Balcony scene Shakespeare uses language about the moon to help create a scene in the audience members mind. This means they are more involved in the play, and can imagine themselves there in the moonlight. Arise fair sun and kill the envious moon, Who is already sick and pale with grief That thou her maid art far more fair than she. It is interesting that Romeo compares Juliets beauty to the moon here, as he has just described her as his sun. In mythology, Diana, the Goddess of the moon, is served by virgin maids. Being a virgin, Juliet is depicted as one of these maids, but Romeo believes that Diana is jealous of Juliets beauty. He asks her to stop serving the moon, and therefore stop being a virgin and become his lover instead. This shows Romeo is passionate in a sexual way about Juliet, which would be quite exciting to an Elizabethan audience member, as sex was not as commonly talked about as it is now. The fact that the moon is sick and pale with grief could be foreshadowing future grief for the couple. By asking the sun to arise, Romeo is wishing the day to come, therefore reminding the audience that it is night. When Romeo decides to reveal himself to Juliet she, feeling embarrassed and shocked, asks him who he is. Of course he has recently discovered she is the daughter of his familys enemy, and feels his name is hurtful to her. By a name I know not how to tell thee who I am. My name, dear saint, is hateful to myself,Because it is an enemy to thee. Romeo and Juliet strongly believe in their names being a now unwanted allegiance to their family. Despite the fact that their names are just words, both of the star crossed lovers feel they are chains, locking them to their families, and keeping them away from each other. Again he refers to Juliet as a saint. This would seem high praise to an audience of very religious Elizabethans. In Shakespearean times, exploring was very popular and a lot of new lands were being found. Because travel was not as easy then as it is now, and the knowledge of the world was not as advanced, exploring new lands was very exciting and appealing to the Elizabethans, which was why it was a popular subject matter and why Shakespeare used it throughout the play. I am no pilot, yet wert thou as far, As that vast shore washed with the farthest sea, I should adventure for such merchandise. The word adventure is used here because in the Elizabethan times, international traders were known as Merchant adventurers. It also suggests that Romeo finds his and Juliets love very exciting, as adventure is usually associated with new and exciting things. Shakespeares use of imagery to convey Romeos love as a new found land helps to set a picture in the audiences minds of a far off tropical shore. In Shakespeares time there would not have been a lot of back drops and flats setting the stage, so it would be up to the audience to imagine their own scenery, and up to the playwright to use the correct language to stimulate these thoughts. Romeo describes himself being hidden from the eyes of Juliets guards and family. I have nights cloak to hide me from their eyes. Again Shakespeare is using light and dark to set a scene for the audience. His actors would not have had the electrical lighting actors have now, so he would have to create moods and light by using words. Romeo is telling the audience it is dark, so it is easier to imagine. This contrast is used a lot in the monument scene too. When Romeo hears that Juliet is dead he goes to the tomb where she is said to be. After killing Paris he looks at Juliet for the last time. He describes the days they spent together as A lightning before death, because it was believed in those days that before somebody died, they would seem very well and happy temporarily. This is the contrast between light and dark again, which adds mood to the scene; the audience knows Romeo is deeply saddened by the sudden death of Juliet and, because of this, so are they. The word lightning makes you think of lightning as in a quick flash. Their romance was very sudden and over quickly, but very enlightening all the same. Romeo mentions Juliets beauty despite her death too, especially concentrating on her lips and cheeks. Beautys ensign yet Is crimson in thy lips and in thy cheeks Romeo talks about Juliets beauty a lot throughout the play. In the balcony scene he says The brightness of her cheek would shame those stars and then proclaims O that I were a cheek upon that hand. It is interesting how Romeo talks of Juliets cheeks so much. Perhaps Shakespeare is trying to link the two scenes together to show that Romeos love for Juliet was present from the beginning to the end of their relationship. He still felt the same for her when she was dead as he did when their love was blooming. I will raise her statue in pure gold Montague says this of Juliet in the last scene. Gold was a very expensive and prized material to the Elizabethan audience and so proves that Montague means well. It is a bit ironic that he is comparing her to a statue, because in the first scene Romeo and Juliet meet, the banquet scene, he describes her as a holy shrine. It is a very sad moment as the audience are reminded how happy the lovers used to be. The audience really benefits from Shakespeares imagery as it brings the play to life. It makes the words far more beautiful and the characters easier to relate to. Romeo seems more poetic and easier to fall in love with. Juliet appears to be intelligent and loving. Without the imagery the audience would not feel as involved with the plot, and would therefore not sympathise with the characters. The imagery heightens the emotions of the audience and confirms Romeo and Juliet as one a Shakespeares greatest tragedies.